Press release
Used and Refurbished Smartphone Market 2021 Analysis and Precise Outlook - Samsung Electronics Co., Ltd., Apple Inc., Amazon.com, Inc., Verizon Communications
The Global Used and Refurbished Smartphone Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.Used and Refurbished Smartphone Market is expected to grow at a CAGR of 12.61% during the forecast period 2020 to 2025.
Top Companies in the Global Used and Refurbished Smartphone Market are Samsung Electronics Co., Ltd., Apple Inc., Amazon.com, Inc., Verizon Communications, Inc., AT&T Inc., Hutchison 3G UK Limited, NIPPON TELEPHONE INC., BestBuy.com, LLC, Redeem UK Ltd., Paytm, LLC, Synergy Telecom Inc., FoneGiant.com, Woot, Inc. and others.
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Industry News
- May 2020 - Woot, Inc. launched a sale of refurbished smartphones, pricing some as cheap as USD 39.99. The company is offering some newer smartphones, like Google Pixel 2, which starts at USD 99. Refurbished iPhones offered for sale on the company's website include iPhone 8, iPhone 8 Plus, iPhone XR, iPhone XS, iPhone XS Max, iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max.
- February 2020 - Samsung Electronics launched its Galaxy Z Flip with a 6.7-inch FHD+ Dynamic AMOLED Infinity Flex display for USD 1380. Powering the Z Flip is a Qualcomm Snapdragon 855+ processor with 8GBs of RAM. It runs Android 10 with the Samsung One UI on top, comes with 256GB of internal storage, and features a 3,300mAh battery. Additionally, AT&T, BestBuy, and Sprint will also offer the Z Flip on their websites.
Key Market Trends
Growing Popularity of E-Commerce Platforms for Used and Refurbished Smartphones to Drive the Market
- The growing popularity of e-commerce platforms for used and refurbished smartphones is expected to drive the market demand. Mobile specialists such as Carphone Warehouse and Direct Mobiles stock a huge range of refurbished iPhones. Alternatively, popular sites such as Amazon and eBay also offer a wide variety of refurbished smartphones.
- Verizon has certified pre-owned devices, and it only sells pre-owned Samsung phones. Buying certified from the carrier gives the customer a bit of security, as Verizon offers a 90-day warranty period.
- OLX, an Indian online marketplace for used products, saw over 1.4 million pre-owned smartphones being listed in September 2018. According to the company, in 2019, Apple is the most commonly listed brand, with 19% of the total listing on the company's website.
- Best Buy sells refurbished pre-owned, and open-box phones from a variety of companies at discounts ranging from 10-30% off. Open-box deals are most popular as they're typically devices that have just been purchased, opened, and returned, not even used. Because of this, customers can often find the latest models of phones for sale, rather than just old models.
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What are the market factors that are explained in the report?
Executive Summary: It includes key trends of the global Used and Refurbished Smartphone market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Used and Refurbished Smartphone market based on production and revenue.
Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Used and Refurbished Smartphone market.
Market Segments: This part of the report discusses product type and application segments of the global Used and Refurbished Smartphone market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses the research methodology and approaches Used and Refurbished Smartphone used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
Reasons to Purchase this report:
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Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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